donderdag 1 juni 2017

Oil Jumps On First 'OPEC Sources' Headline Of The Day

WTI Crude had erased its post-API (big crude draw) gains this morning after weak China PMI overnight and so something had to be done to keep the oil-normalization dream alive. OPEC sources stepped up...
*OPEC COULD REVIVE IDEA OF DEEPER SUPPLY CUT AT NEXT MEETING IF OIL INVENTORIES STAY HIGH – TWO SOURCES FAMILIAR WITH MATTER
And the reaction was a kneejerk higher oiff the pre-API levels...